SuperCom Wins $3.7 Million National Electronic Monitoring Contract in the Czech Republic
HERZLIYA, Israel, March 20, 2017 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, today announced that its M2M division has been selected by the Czech Republic's Ministry of Justice to deploy its PureSecurity Electronic Monitoring Suite, a solution aimed at increasing public safety, reducing prison overcrowding and lowering recidivism by tracking and monitoring public offenders.
The comprehensive nationwide program, set to encompass electronic monitoring of offender programs within the country, is planned to monitor up to 2500 enrollees simultaneously. SuperCom will deploy its PureSecurity electronic monitoring solution which will include home detention, GPS tracking, domestic violence and alcohol monitoring of offenders.
The award was won through a formal bid process in the form of a competitive dialogue. Six companies including established industry players took part in this process, which included several rounds of negotiations in addition to a month of rigorous system testing performed by the ministry. The awarded value of the contract based on the government's budget is $3.7 million (USD), for a term of six years. The budget consists mainly of costs for purchasing the EM system and equipment, as well as recurring maintenance charges. SuperCom expects to deploy the initial order and start generating recurring revenues within 4 months of contract signing.
"This is a meaningful win for SuperCom that signals to the strong market demand for our EM technology and represents the market's recognition of our superior products and technologies," commented Mr. Arie Trabelsi, President and CEO of SuperCom. "This national program marks the expansion of our proprietary EM technology into yet another European country, resembling strong growth and demonstrating that more and more governments round the world view SuperCom's solution as the leading solution for their national electronic monitoring needs."
"The public safety market for electronic monitoring and offender tracking is projected to grow in excess of $6 billion by 2018. We see significant near and long-term opportunities to further expand our presence in this market and are actively bidding for large scale EM projects in the U.S., Europe, Latin America and Asia," Mr. Trabelsi concluded.
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform which introduces a long list of innovative features including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.
Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced, secure mobile payments ranging from mobile wallet to mobile POS, using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a unique all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.
SuperCom's website: http://www.supercom.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
Ordan Trabelsi, President, Americas
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